WHITE STAR FOUNDATION OF FLORIDA INC

EIN: 592229304 501(c)(3) Philanthropy & Grantmaking

BROOKSVILLE, FL

Total Revenue
$128,132
Total Expenses
$17,345
Total Assets
$1,049,096
Net Assets
$777,762
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
FL
Principal Officer
STEFAN GLEASON
Phone
3527960795
Tax Period
2024-07-01 to 2025-06-30

WHITE STAR FOUNDATION OF FLORIDA INC, founded in 1983, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $128K in total revenue in fiscal year 2024. The organization ran a surplus of $111K, a strong 86% operating margin.

Mission

TO RAISE, RECEIVE AND MAINTAIN A FUND OR FUNDS OF REAL PROPERTY OR PERSONAL PROPERTY, OR BOTH AND TO FINANCIALLY SUPPORT STUDENTS IN FUNDING THEIR HIGHER EDUCATION THROUGH GRANTS AND SCHOLARSHIPS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $116,496
Program Service Revenue $0
Investment Income $24,489
Other Revenue $-12,853
TOTAL REVENUE $128,132

Expense Breakdown

Grants Paid $12,475
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $12,475
Other Expenses $4,870
TOTAL EXPENSES $17,345

Year-over-Year Comparison

2024 2023 Change
Revenue $128,132 $-1,756 -74.0%
Expenses $17,345 $23,219 -0.3%
Net Income $110,787 $-24,975 -5.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
4

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH M MASON JR PRESIDENT/DIRECTOR 1.00
Officer Director
$0 $0 $0
STEFAN GLEASON VICE PRESIDENT/DIRECTOR 2.50
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $128,132 $17,345 $1,049,096 $110,787
2024 $-1,756 $23,219 $912,473 $-24,975
2023 $-4,817 $18,782 $897,841 $-23,599
2022 $176,639 $60,036 $908,970 $116,603
2021 $31,559 $8,900 $842,205 $22,659
2020 $64,395 $68,147 $785,049 $-3,752
2019 $80,080 $76,083 $775,030 $3,997
2018 $141,990 $10,861 $781,165 $131,129
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